An act providing for the revised corporation code of the philippines

SEC. 152. Issuance of Certificate of Revocation. – Upon the revocation of the license to 
transact business in the Philippines, the Commission shall issue a corresponding certificate of 
revocation, furnishing a copy thereof to the appropriate government agency in the proper cases. 
The Commission shall also mail the notice and copy of the certificate of revocation to the 
corporation, at its registered office in the Philippines. 
SEC. 153. Withdrawal of Foreign Corporations. – Subject to existing laws and regulations, 
a foreign corporation licensed to transact business in the Philippines may be allowed to withdraw 
from the Philippines by filing a petition for withdrawal of license. No certificate of withdrawal 
shall be issued by the Commission unless all the following requirements are met: 
(a) All claims which have accrued in the Philippines have been paid, compromised or settled; 
(b) All taxes, imposts, assessments, and penalties, if any, lawfully due to the Philippine 
Government or any of its agencies or political subdivisions, have been paid; and 
(c) The petition for withdrawal of license has been published once a week for three (3) 
consecutive weeks in a newspaper of general circulation in the Philippines. 
 
TITLE XVI 
 
INVESTIGATIONS, OFFENSES, AND PENALTIES 
 
SEC. 154. Investigation and Prosecution of Offenses. – The Commission may investigate 
an alleged violation of this Code, or of rule, regulation, or order of the Commission.
The Commission may publish its findings, orders, opinions, advisories, or information 
concerning any such violation, as may be relevant to the general public or to the parties concerned, 
subject to the provisions of Republic Act No. 10173, otherwise known as the “Data Privacy Act 
of 2012”, and other pertinent laws. 
The Commission shall give reasonable notice to and coordinate with the appropriate 
regulatory agency prior to any such publication involving companies under their special regulatory 
jurisdiction.